In a video posted yesterday, Peter Harken cheerfully announced that his company, Harken Inc., the trusted hardware brand bearing his last name, which was formerly owned by founders and their families has changed hands. The owners have sold their shares to employees—"passing the baton.”
“My brother Olaf, Art Mitchel, and I tried to build a place where people could take chances and not be afraid to fail. More and more it’s our people who have made this place the leader it is. Today, we’re acknowledging an ownership change. It’s time for those who have worked with us to own Harken,” said Peter Harken in a press release. “Three years ago when Harken turned 50, someone asked what we wanted Harken to be like when it turned 100. In 2067, we want it to be stronger than it is today. We hope it will still feel like Harken, but it needs to be doing more than we can even dream of today. This transaction is to help make that happen.”
New management will now include Bill Goggins, CEO; Matt Malec, COO; and John Jensen, CFO, and members of the Executive Committee Andrea Merello, Managing Director at Harken Italy; Adriano Rubinaccio, Director of Operations at Harken Italy; and Stefano Castagna, Director of Global HR.
For more on the change of ownership at Harken, click here.